|USD/CAD Technical Analysis comments :|
|The pair USD/CAD made a pullback on the lower band of its bearish channel last friday and has opened the week on a strong bullish gap (which is not filled in).|
The pair just broke the support at 1.0230, giving us a sell signal.
All indicators are bearish.
We now advise to trade only short positions as far as 1.03 is resistance.
The breakout of 1.0150 will give a new sell signal and will open the way towards 1.01.
In case of return above 1.03, we will wait the breakout of 1.0350 to advise long positions.
|Complete sheet of the pair USD/CAD - Previous USD/CAD Analysis|
Chart of the pair USD/CAD - Timeframe 4H - Zoom in :
Chart of the pair USD/CAD - Timeframe 4H - Zoom out:
USD/CAD Live Chart - Timeframe : 4h